Johnny Depp and Amber Heard are reportedly in the final stages of their divorce following their split earlier this year.

Back in August, the former flames agreed to a settlement, with the Fantastic Beasts and Where to Find Them actor agreeing to pay his ex $7 million.

According to E! News, the pair are now nearing an end to figuring out the specifics of the divorce, which comes after Amber announced she would donate the entire amount to both the ACLU and Children's Hospital of Los Angeles.

It's said the settlement is "very close" to being finalised, with Depp set to pay Heard the remaining $6.8 million over the next 15 months.

Johnny Depp and ex wife Amber Heard (Photo: Getty Images)

Johnny Depp pictured in LA earlier this month (Photo: WireImage)

Over the summer, the actor made the first installments of donations to both charities in his former wife's name - which makes up the $200,000.

When the rest of the payment has been paid to Heard, the full $7 million sum will be donating "very quick", according to the source.

Heard previously explained her two choices for the charities the money will support, adding that she wants the situation to have brought "a positive change" for those who need it.

Amber Heard arriving at the court house in Century City, California (Photo: FameFlynet)

She said in a statement: "Over the years, I have seen firsthand how more funding for staffing, better equipment and better medication can make the difference between life or death for a child.

"I know these organizations will put the funds to good use and look forward to continuing to support them in the future. Hopefully, this experience results in a positive change in the lives of people who need it the most."